ImageWare Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017
Revenue	3.58	3.47	4.79	3.51	4.4	4.29
Revenue Growth (YoY)	-24.10%	-27.44%	36.48%	-20.39%	2.59%	12.62%
Cost of Revenue	0.68	0.67	1.25	0.64	0.88	0.99
Gross Profit	2.9	2.8	3.54	2.86	3.53	3.3
Selling, General & Admin	8.84	9.15	7.15	7.66	7.97	6.64
Research & Development	4.16	4.46	5.71	7.49	7.35	6.32
Operating Expenses	13.05	13.66	12.93	15.22	15.38	13.03
Operating Income	-10.15	-10.86	-9.39	-12.36	-11.85	-9.73
Interest Expense	-0.06	-0	-0.1	-	-0.54	-0.63
Interest & Investment Income	-	-	0	0.09	0.08	0.04
Currency Exchange Gain (Loss)	-	-	-	-0	-	-
Other Non Operating Income (Expenses)	16.82	18.65	2.25	0.7	-0.23	-
EBT Excluding Unusual Items	6.62	7.79	-7.25	-11.57	-12.54	-10.32
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.05
Asset Writedown	-	-0.08	-	-	-	-
Other Unusual Items	1.86	1.58	-	-	-	0.08
Pretax Income	8.48	9.29	-7.25	-11.57	-12.54	-10.19
Income Tax Expense	0.01	0.01	0.01	0.01	0.01	-0.12
Net Income	8.47	9.28	-7.25	-11.58	-12.55	-10.07
Preferred Dividends & Other Adjustments	7.66	8.12	3.7	5.67	3.91	3.65
Net Income to Common	0.81	1.17	-10.95	-17.25	-16.46	-13.71
Shares Outstanding (Basic)	337	312	133	104	95	93
Shares Outstanding (Diluted)	346	321	133	104	95	93
Shares Change (YoY)	108.75%	140.47%	27.76%	9.62%	2.58%	-1.70%
EPS (Basic)	0.00	0.00	-0.08	-0.17	-0.17	-0.15
EPS (Diluted)	0.00	0.00	-0.08	-0.17	-0.17	-0.15
Free Cash Flow	-5.89	-7.79	-8.01	-11.3	-10.55	-8.71
Free Cash Flow Per Share	-0.02	-0.02	-0.06	-0.11	-0.11	-0.09
Gross Margin	81.00%	80.76%	73.92%	81.66%	80.11%	76.92%
Operating Margin	-283.06%	-312.76%	-196.32%	-352.42%	-269.03%	-226.58%
Profit Margin	22.63%	33.58%	-228.80%	-492.04%	-373.82%	-319.45%
Free Cash Flow Margin	-164.29%	-224.37%	-167.38%	-322.25%	-239.56%	-202.84%
EBITDA	-10.1	-10.8	-9.32	-12.29	-11.8	-9.66
EBITDA Margin	-281.84%	-	-194.82%	-	-267.87%	-224.99%
D&A For EBITDA	0.04	0.06	0.07	0.07	0.05	0.07
EBIT	-10.15	-10.86	-9.39	-12.36	-11.85	-9.73
EBIT Margin	-283.06%	-	-196.32%	-	-269.03%	-226.58%
Effective Tax Rate	0.12%	0.11%	-	-	-	-
Revenue as Reported	3.58	3.47	4.79	3.51	4.4	4.29
Advertising Expenses	-	0.05	0.01	0.01	0.01	0.05

Updated May 23, 2022. Source: S&P Global Market Intelligence. Standard template. Financial Sources.